Bank of America’s search for a new chief executive took another detour on Monday when key candidate Robert Kelly, chief executive of BNY Mellon, said he was not leaving his current position. In an email to staff on Monday, Kelly said he had “firmly concluded” he should stay with BNY Mellon. Kelly’s announcement restored stability to the management ranks of BNY Mellon, less than a week after he disclosed to his board that he had held talks with BofA about replacing Ken Lewis as CEO when Lewis retires at year-end.

This entry was posted by Gwen Robinson on Tuesday, December 15th, 2009 at 5:09 and is featured in The 6am Cut London (15 Dec 2009) . Tagged with BNY Mellon, BofA. Edit this entry.